Dish Network seeks to buy LightSquared spectrum [telecom]

LightSquared filed for bankruptcy last year after federal regulators blocked approval to build its network due to concerns it would interfere with global-positioning systems.

Charlie Ergen, chairman of satellite-TV provider Dish Network Corp. has made a $2 billion bid for the spectrum owned by LightSquared Inc., the bankrupt wireless-broadband company owned by Philip Falcone's hedge-fund firm.

Ergen, 60, has offered to buy the spectrum even though the FCC has yet to approve its use, according to the people, who asked not to be named because the deal hasn't been shown to the bankruptcy judge, Bloomberg News reported.

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Bill Horne
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